The FP-1XLS uses hollow drills to punch up to 300 sheets at one time. Table slides to position set by adjustable stops. These stops allow for set-up of two, three or four hole punching. Punch bits are available in sizes 3/16″, 1/4″, 5/16″ and 3/8″ Handles up to 14″ wide paper. Comes standard with a 1/4″ punch bit.